The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.1 - Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus
50 jobs Number of planned job creations
Announcement Date
12 September 2018
Employment effect (start)
1 March 2019
Foreseen end date
1 September 2019
Description
Konesko AS, an Estonian company manufacturing electric motors and electric components, announced the creation of at least 50 new jobs.
The new jobs will be created in a new plant, the construction of which should end in spring 2019. At that time, new workforce will be recruited, so that the production of electric motors can begin by the autumn. The exact profiles of the new employees have not been announced.
The new building will be the fourth plant of the company and the most efficient one as it will be fully equipped with new, modern technology, which allows a high degree of automation. The cost of the plant is €10 million and the production will be fully exported.
Sources
Citation
Eurofound (2018), Konesko, Business expansion in Estonia, factsheet number 95484, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/95484.
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